Cup and handle pattern approaching
IP was highly oversold in the last couple of months connected to a general small cap drop
News situation is promising and I expect some more NR's connected to the international soccer business and other partnership or customers
I expect a reversal from the current level with significant gains in the next weeks
CHART CHECK:
The last few weeks of trading have been marked by a general sell-off in the small-cap sector. As a result, the stock price fell from a 2021 high to approximately CAD $ 0.150.
The current base appears to be a solid support level. The stock is currently heavily oversold.
MACD looks strong and healthy and should help generate buy signals and put LQID...
IP / IPNFF is still oversold at the moment
MACD indicator has recovered and is preparing to switch to a bullish mode -> buy signals will be generated
prices of small cap companies should be rising again after the heavy drop and manipulation from April to mid May 2021
investors have not been rewarded so far despite of good news (partnership in NFT sector with...
LIQD is highly oversold at the moment
prices of small cap companies will be rising again after the drop between beginning and mid of April 2021
NFT market ist getting more awareness and interest (LQID is a part of Oasis Digital Studios trading platform)
IP / IPNFF is highly oversold at the moment
MACD indicator has recovered
prices of small cap companies should be rising again after the drop in April 2021
investors have not been rewarded so far despite of very good news (partnership in NFT sector, new deals and collaborations in the sports sector, several successful sales of their SDK, new patent,...)
...
Also as a result of some overall red days on the tech markets, BTC is massively oversold at the moment.
BTC was able to steadily build one stair to the other in the current upward trend, jumping over resistance lines and generating higher support levels.
I expect that BTC will be able to reach its all time high within the next 4-5 trading weeks and should be able...
REVO was trying to breakout in Feb 2021 but due to overall red tech markets and an excessive sellout it dropped under 0.30 CAD $.
The chart looks strong and healthy at the moment. Currently REVO is highly oversold.
MACD lines might be crossing soon which could generate a bullish signal.
One possible scenario:
After two subsequent successful tests of support...
After the strong performance based on great news in February 2021, there was an overreaction by investors and an excessive sell-out
The result was a pull-back to around 1.10 CAD $, also as a result of overall red markets especially in the tech sector.
Based on Stoch RSI indicator the stock is oversold at the moment and seems to be ready for a significant...
After Bitcoin's latest setback, I expect a reversal from the current point.
MACD looks strong and healthy. Golden cross could create the next bullish mode.
I expect we will see a gold cross on March 9th around the start of the US equity market's trading day.
The upcoming chart pattern could be pretty similar to February 2021. Price target ca. 70k $ then by the...
Based on my theory I expect that Bitcoin is ramping-up and getting ready for a rebound.
As there was a strong correlation between Bitcoin and BTC share price in the last weeks, BTC should move higher from the current point.
From a short term perspective prices between 1.20 and 1.50 CAD $ look realistic to me.
Indicators MACD and StochRSI are also well-prepared for...
After the strong performance based on great news in February 21 there was an overreaction by investors that were selling afterwards.
The result was a pull-back to around 1.35 CAD $.
Also based on Stoch RSI indicator the stock is oversold at the moment and seems to be ready for a turnaround.
Today's news regarding the application for U.K. Gambling Licenses is very...
From a technical point of view as well as with a look to the latest news and market potential, REVO is a candidate for a significant trend reversal to me.
Indicators MACD as well as Stoch RSI are relevant to me. In case REVO will be able to break the resistance (flag) of the downward trend, the indicators will give confirmation for the rebound.
There are a lot of different methods and philosophies which indicators to use and how to interpret patterns. In my personal experience MACD (green circle = crossing lines) is often reliable. Technically it indicates that the current buying trend with increasing prices will be followed. The rebound seems to be successful sind several days since the weekly downward...
Based on the current chart pattern IP.CN is getting prepared to establish a possible W formation.
Support levels have been tested several times so far in the new upward channel that was created in Jan 2021.
There have been several promising news within the last couple of weeks as well as a hugh number of insider trades on the regular market by the chairman of the...
